Moody’s Puts Robo-Signing Servicers On Watch

Moody’s Investors Service has placed servicers IndyMac and Wells Fargo Home Mortgage on review for possible downgrade due to concerns over the servicers’ “irregular” foreclosure procedures.

  • 01 Nov 2010

--Amelia Granger

Moody’s Investors Service has placed servicers IndyMac and Wells Fargo Home Mortgage on review for possible downgrade due to concerns over the servicers’ “irregular” foreclosure procedures. The move boosts the number of servicers on watch by Moody’s to 10 since robo-signing and subsequent foreclosure moratoriums began to ...

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